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Makovka662 [10]
1 year ago
9

Ngu owns equipment that cost $104,300 with accumulated depreciation of $71,200. ngu asks $37,700 for the equipment but sells the

equipment for $34,800. compute the amount of gain or loss on the sale
Business
1 answer:
nikitadnepr [17]1 year ago
6 0

Gain on sale of equipment = $1700 By Extracting Information.

The gain or loss on sale of an asset used in the business is the difference between 1) the amount of cash received by the business and 2) the carrying value (book value) of the asset at the time of sale.

The disposal account is the profit or loss account shown in the income statement that records the difference between the proceeds of disposal and the net book value of the asset being sold.

A gain on sale of assets arises when an asset is sold in excess of its carrying amount. Carrying value is the purchase price of an asset less subsequent depreciation and impairment losses. Profit is classified as a non-operating item on the sales company's income statement.

Learn more about equipment at

brainly.com/question/25806993

#SPJ4

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asambeis [7]

Answer:

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6 0
3 years ago
If your poll is to accurately reflect public views, your survey respondents must reflect the
kow [346]
<span>If your poll is to accurately reflect public views, your survey respondents must reflect the </span>population.

Hope this helps !

Photon
6 0
3 years ago
Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

=  €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0
4 years ago
You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation r
Kay [80]

Answer:

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.

4 0
3 years ago
Which of the following is an example of specialization?(APEX)
sasho [114]

Answer:

B. Pediatrics

Explanation:

Specialization means focusing on one or a few areas of study, work, or production. A business or an individual concrete on the field where they have a comparative advantage. Specialization increases efficiency as the individual become experts in a particular area. As experts, their productivity increase as they use few resources to achieve a high standard of performance.

Pediatric is a specialized branch of medicine that caters to children. A pediatrician is an expert doctor focusing on treating children, which is specialization.  A hospital, a general practitioner, and an organization are broad terms that don't point a specific line of activity.

4 0
3 years ago
Read 2 more answers
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